
In the Autumn 2016 Budget the UK Government elected to raise the lower rate of insurance premium tax for policies issued or renewed from 1st June 2017 to 12%. Since 2015 insurance premium tax has doubled and has contributed to a rise…
In a report published today by Aviva Insurance they have identified a 9.5% increase in fraudulent claims in 2016 on the previous year. Bogus claims now equate for £232,000 of payments per day, of which 59% are in relation to…